scorecardresearchOil prices rise marginally on hints of rising U.S. fuel demand, weaker dollar

Oil prices rise marginally on hints of rising U.S. fuel demand, weaker dollar

Updated: 31 Aug 2022, 10:02 AM IST
TL;DR.
Brent crude futures for October, due to expire on Wednesday, climbed 70 cents, or 0.7%, to $100.01 a barrel, trimming Tuesday's $5.78 loss. The more active November contract was up 96 cents, or 1%, at $98.80 a barrel.
FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo

FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo